‘B’, being unable to meet his acceptance for Rs.2,000 due on 15th June, approaches the Drawer `A’ (who is in possession of the bill) on 30th June, with the request to receive Rs. 800 in cash and draw on him for the balance plus Rs. 15 for interest at 3 months date and cancel the old Bill for 2000.”A’ agrees to this. Pass the entries in the books of ‘A’ and ‘B’.
